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SB 652 · 2026 · Senate · Ways and Means Committee

Tax overpayment credit award cap

AI-generated

changing the maximum award of tax credits for overpayment of due taxes.

Changes the maximum award of tax credits for overpayment of due taxes.AI-generated

Status

Signed into law · May 29, 2026
  1. ✓Introduced
  2. ✓Senate
  3. ✓House
  4. ✓Governor
  5. ✓Law

Analysis

This bill changes the maximum award of tax credits for overpayment of due taxes.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as enacted. Passages chosen from the operative text.Computed by this site

“If such return shows an overpayment of the tax due, the commissioner shall refund or credit the overpayment to the taxpayer in accordance with RSA 21-J:28-a, except that:”
Section 115:1
“For taxable periods ending on or after December 31, 2022 a credit shall only be allowed in an amount up to 500 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;”
Section 115:1
“For taxable periods ending on or after December 31, 2029 a credit shall only be allowed in an amount up to [250] 450 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;”
Section 115:1
“(3) For taxable periods ending on or after December 31, 2031 a credit shall only be allowed in an amount up to [100] 400 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;”
Section 115:1

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Sen. Timothy LangRPrimeChair· Ways and Means

Public testimony

3 signed in online · 2 wrote testimony

0% support100% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“I oppose SB 652 because it preserves unusually high tax-credit carryforward caps that primarily benefit large corporate taxpayers, reduce transparency in our tax system, and undermine the intended phase-down toward a fairer, more predictable structure.…”
— Hannah Meiselman, Manchesteropposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Feb 19, 2026SenateCommittee report: Ought to Pass5–0
    Overall
    100% yea
  • Feb 19, 2026SenateVoice voteOught to Passadopted
  • Mar 23, 2026HouseCommittee report· consent calendar: Ought to Pass19–0
    Overall
    100% yea
  • Apr 9, 2026HouseVoice voteOught to Passadopted
  • May 14, 2026SenateVoice voteEnrolledadopted

Hearings and debates

  • Feb 4, 2026Public hearingSenate Ways and Means1:12:00–1:17:265m 26slocated in the stream transcriptHearing
  • Feb 19, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass; Ought to Pass — adopted, voice vote
  • Mar 9, 2026Public hearingHouse Ways and Means2:21:53–2:23:031m 10slocated in the stream transcriptPublic Hearing
  • Mar 23, 2026Public hearingHouse Ways and Means1:01:57–1:07:315m 34slocated in the stream transcriptCommittee Report: Ought to Pass; Full Committee Work Session; Executive Session
  • Apr 9, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamOught to Pass — adopted, voice vote
  • May 14, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamEnrolled Adopted — voice vote

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 7, 2026SenIntroduced 01/07/2026 and Referred to Ways and Means; SJ 2
  2. Feb 4, 2026SenHearing: 02/04/2026, Room 122-123, SH, 09:45 am; SC 4
  3. Feb 19, 2026Sen: Ought to Pass, 02/19/2026; Vote 5-0; CC; SC 6
  4. Feb 19, 2026SenOught to Pass: MA, VV; OT3rdg; 02/19/2026; SJ 4
  5. Feb 19, 2026HouseIntroduced (in recess of) 02/19/2026 and referred to Ways and Means HJ 5 P. 127
  6. Mar 9, 2026HousePublic Hearing: 03/09/2026 12:15 am GP 159
  7. Mar 23, 2026HouseFull Committee Work Session: 03/23/2026 10:30 am GP 159
  8. Mar 23, 2026HouseExecutive Session: 03/23/2026 11:30 am GP 159
  9. Mar 23, 2026HouseCommittee Report: Ought to Pass 03/23/2026 (Vote 19-0; CC)
  10. Apr 9, 2026HouseOught to Pass: MA VV 04/09/2026 HJ 10 P. 16
  11. May 14, 2026HouseEnrolled (in recess of) 05/14/2026 HJ 13 P. 147
  12. May 14, 2026SenEnrolled Adopted, VV, (In recess 05/14/2026); SJ 13
  13. May 28, 2026SenSigned by the Governor on 05/28/2026; Chapter 115; Effective 07/27/2026

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.